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Maker of arc-welding equipment/robots and power electronics, including RF power supplies for semiconductor plasma processing.
Maker of arc-welding equipment/robots and power electronics, including RF power supplies for semiconductor plasma processing.
Splits across businesses with different cycles: welding equipment and robots sold to auto and heavy industry, transformers for utilities, and RF power supplies for chip-equipment makers. Chip-equipment orders drive the swing; welding and transformers are steadier. Its welding robots are sold with its own welding power sources, which bundles the sale.
In one line: A smaller Lincoln Electric with a semiconductor RF-power side business.
Moat: narrow (process know-how, customer qualification). Qualified RF power supplier inside semiconductor etch tools; strong domestic welding brand.
Headquarters: Osaka, Japan · Founded: 1919 · Employees: 4,542
Size Daihen (6622.T) is a Japan Industrials company (Electrical Products) with a market value of $1.43B, the 588th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥12,970 on 6 Nov 2026.
Performance Over six months the shares gained 4.8%, against -38.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +13.5%); the operating margin is 8.1% (peer median 6.0%).
Valuation It trades at 11.4× forward earnings against a peer median of 22.1× (4th cheapest of 17).
Capital Return on invested capital runs 6.0 points below its cost of capital (11.7% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥244B | ¥238B | ¥226B | ¥189B | ¥185B |
| Revenue growth | — | +5% | +20% | +2% | — |
| Gross profit | ¥70.5B | ¥67.5B | ¥62.8B | ¥52.7B | ¥52.5B |
| EBITDA | ¥27.0B | ¥25.7B | ¥22.7B | ¥20.5B | ¥21.6B |
| Net income | ¥14.9B | ¥14.1B | ¥12.0B | ¥16.5B | ¥13.2B |
| Free cash flow | n/a | -¥7.43B | ¥16.1B | -¥15.9B | -¥11.7B |
| Capital expenditure | n/a | ¥13.2B | ¥8.74B | ¥7.48B | ¥5.19B |
| Total debt | ¥82.6B | ¥85.0B | ¥68.9B | ¥66.5B | ¥33.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Daihen 6622.T | $1.43B | +5% | +5% | 8% | 11.4× | n/a |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
| Kobe Steel 5406.T | $4.83B | 0% | -3% | 5% | 7.7× | -1.1% |
| MKS MKSI | $13.0B | -39% | +16% | 17% | 11.5× | 24.0% |
| Advanced Energy Industries AEIS | $7.98B | -45% | +32% | 17% | 11.7× | 17.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 6622.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -5.6% | 4th highest of 21 |
| 6-month return | +4.8% | -38.6% | 3rd highest of 21 |
| Distance from 52-week high | -34.5% | -55.8% | 5th highest of 21 |
| Revenue growth (TTM) | +5.2% | +13.5% | 7th lowest of 21 |
| Operating margin | 8.1% | 6.0% | 8th highest of 21 |
| Forward P/E | 11.4× | 22.1× | 4th cheapest of 17 |
| ROIC minus cost of capital | -6.0 pp | -3.5 pp | 7th lowest of 21 |
| EV / EBITDA | 10.8× | 16.3× | 3rd cheapest of 6 |
| Net debt / EBITDA | 1.8× | 0.2× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Daihen 6622.T | Japan | $1.43B | +5% | +5% | 8% | 11.4× | n/a | n/a |
| East 300376.SZ | China | $1.43B | -30% | +9% | 3% | 9.3× | n/a | n/a |
| Zhejiang Wanma 002276.SZ | China | $1.42B | -25% | +13% | 1% | 10.8× | 5.1% | +15.6% |
| Pylon Technologies 688063.SS | China | $1.41B | -50% | +101% | 1% | 44.2× | n/a | n/a |
| Amara Raja Energy & Mobility ARE&M.NS | India | $1.41B | -19% | +16% | 6% | 15.5× | n/a | n/a |
| Vanchip (Tianjin) Technology 688153.SS | China | $1.41B | -31% | 0% | -8% | n/a | n/a | n/a |
| Eaglerise Electric & Electronic (China) 002922.SZ | China | $1.39B | -44% | +14% | 6% | 25.0× | n/a | n/a |
| Ocean's King Lighting Science & Technology 002724.SZ | China | $1.39B | +89% | -3% | 6% | n/a | 21.3% | +0.3% |
| Allient ALNT | United States | $1.38B | +22% | +11% | 9% | 22.8× | 27.9% | +8.6% |
| Guodian Nanjing Automation 600268.SS | China | $1.48B | -35% | -5% | 9% | 15.2× | -0.1% | +13.9% |
| Shenzhen Woer Heat-Shrinkable Material 9981.HK | Hong Kong | $1.38B | -52% | +26% | 15% | 7.6× | -11.2% | +14.8% |
| Hubei Zhongyi Technology 301150.SZ | China | $1.38B | -40% | +48% | 3% | 34.7× | 14.6% | +38.1% |
| Aerospace Intelligent Manufacturing Technology 300446.SZ | China | $1.48B | -38% | -14% | 5% | 21.3× | 2.1% | +133.1% |
| Ushio 6925.T | Japan | $1.37B | -15% | +6% | 8% | 17.6× | 8.3% | +8.6% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 15.4× | n/a | n/a |
| Zhejiang Zhaolong Interconnect Technology Co. Limited 300913.SZ | China | $1.49B | -45% | +29% | 12% | 44.1× | n/a | n/a |
| Hainan Drinda New Energy Technology 002865.SZ | China | $1.49B | -45% | -4% | -13% | n/a | 19.3% | +54.9% |
| Shanghai Electric Wind Power 688660.SS | China | $1.50B | -39% | +69% | -6% | n/a | n/a | n/a |
| Up-Shine Lighting 301362.SZ | China | $1.50B | -39% | +15% | 7% | 29.5× | n/a | n/a |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 27.6× | 19.3% | +17.0% |
| Shenzhen Hopewind Electric 603063.SS | China | $1.52B | -50% | -5% | 9% | 24.6× | 14.6% | +12.3% |